Ben Bernanke

The Nobel Economics Prize was on Monday awarded to a US trio for their contributions on explaining the role of banks in the economy.

Alexis Patelis, an experienced economist is to undertake the role of chief economic adviser to Prime Minister Kyriakos Mitsotakis, it was announced on Monday.

Patelis secured a doctorate in economics from Princeton University where he studied under the former Federal Reserve chief Ben Bernanke after post-graduate studies in the UK.

In 2009, the historian David Kaiser, then a professor at the Naval War College in Newport, Rhode Island, got a call from a guy named Steve Bannon.

The lack of appetite in foreign capital, which has caused a big loss in value against the dollar in the past 2.5 years, cannot be explained by the Fed rate aloneIt was 2.5 years ago, in mid-2013, that then-U.S. Central Bank Fed Chair Ben Bernanke gave the signal that interest rates would be increased. His successor, Janet Yellen, finally did what needed to be done.

Economist Daron Acemo?lu, who is a Turkish economist of Armenian descent living in the U.S., has topped the most influential economists list of the Research Papers in Economics (RePEc) for his last 10 years? of publications. 

Central banking is difficult. It requires bankers not only to plan for how they think the future is going to play out, but plan for how they fear it might play out, too. But even the best plans won?t be enough if central bankers don?t know how to talk about them.